NOT LISTED FOR SALE

1638 Echo Park Ave Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $966,000 - $1,062,461

2 Beds
2 Baths
1,008 Sq Ft
$1,008/Sq Ft Est. Value

Last Sold July 09, 2021

Last sale price $837,000 $830 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,236/month

14 Days on Market

About This Home

As of July 2021

Location, location, location! Nestled in the heart of trendy Echo Park, this well-maintained, newly painted charming Craftsman duplex will be delivered with one vacant unit recently renovated with all new stainless steel appliances, quartz countertops, and Shaker style cabinets, new flooring, and new bath. Each unit has a dedicated parking spot and its own private outdoor space -the upper unit has a balcony with downtown city views and the lower an enclosed patio, perfect to enjoy a cup of joe or some wine, or BBQ with friends. Another bonus the property is on a private street with an electronic gate, or a keyed entry gate, as the only access. This duplex is ideal for the owner-user, or an investor who wants to collect the current rents ($2000-$2500 market rent for the renovated unit, and $1700 for the other), or renovate the top unit once the current tenants can be relocated. Located steps to the main thoroughfare of Echo Park and Morton Aves, you are minutes' drive to Dodger Stadium and downtown and a few minutes walk to Counterpart and Glowing Juices for a plant-based meal, acai bowl or refreshments, Valerie Confections to satisfy your sweet tooth and coffee fix, Cookshop for the most charming grocery store known to man, or to Elysian Park for a picnic or a walk. This gem will go fast!

Last Agent to Sell the Property

Ken Shapiro

Silverwood Properties License #01715663 Listed on: 06/01/2021

Last Buyer's Agent

David Golovin

Real Estate eBroker Inc. License #01993096

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 1,014

Parking

  • 2 Parking Spaces

Home Design

  • 1,008 Sq Ft Home

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Oven or Range
  • 1,014 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5420-028-029

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

1,014 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1008
  • Lot Acreage: 0.0233
  • Year Built: 1928
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Tile, Laminate
  • Bedrooms: 2
  • Total Bathrooms: 2.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 792.66

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Parking Space
  • Total Parking: 2

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 33.33
  • Assessed Improvement Value: 156189
  • Assessed Land Percent: 66.67
  • Assessed Land Value: 312387
  • Total Assessed Value: 468576
  • Assessor Parcel Number: 5420-028-029
  • Lot Size Area: 1014

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.29
  • Number Of Units: 2
  • Type Of Units: attached

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2005
Sold by
Bennett Russell Lee
Bought by
Nguyen Truc Linh Ngoc
Current Estimated Value
$1,015,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2005
Sold by
Russell Lee Bennett Llc
Bought by
Bennett Russell Lee and Bravo Zulu Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 3, 1998
Sold by
Karatsonyi Elisabeth M Tr
Bought by
Russell Lee Bennett Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nguyen Truc Linh Ngoc $375,000 United Title Company
Bennett Russell Lee -- United Title Company
Russell Lee Bennett Llc -- Provident Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nguyen Truc Linh Ngoc $300,000
Previous Owner Bennett Russell Lee $37,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2021 07/09/21 Sold $837,000 +4.8% $830 / Sq Ft
06/15/2021 06/15/21 Pending -- -- --
06/01/2021 06/01/21 For Sale $799,000 -- $793 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,701 $888,229 $711,009 $177,220
2024 $10,585 $870,814 $697,068 $173,746
2023 $10,377 $853,740 $683,400 $170,340
2022 $9,888 $837,000 $670,000 $167,000
2021 $5,688 $473,430 $315,623 $157,807
2020 $5,745 $468,576 $312,387 $156,189
2019 $5,516 $459,389 $306,262 $153,127
2018 $5,494 $450,382 $300,257 $150,125
2016 $5,248 $432,896 $288,599 $144,297
2015 $5,171 $426,394 $284,264 $142,130
2014 $5,196 $418,042 $278,696 $139,346
Source: Public Records

Agents Affiliated with this Home

  • Ken Shapiro

    Seller's Agent in 2021

    Ken Shapiro

    Silverwood Properties

    (818) 237-6963

    11 in this area

    46 Total Sales

    Ken Shapiro
    Section Image

  • D

    Buyer's Agent in 2021

    David Golovin

    Real Estate eBroker Inc.

    Section Image
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Map

Source: The MLS

MLS Number: 21-741886

The MLS

APN: 5420-028-029

California Los Angeles County Los Angeles 90026 Echo Park

1638 Echo Park Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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